Zilliqa has found the bottom at 350 satoshis and went sharply up, breaking above the 8/1 Gann Fan trendline. On a corrective wave down, after the breakout, the price went down to 38.2% Fibonacci retracement level, at 480 satoshis. This level has been rejected and ZIL/BTC Produced a new all-time high, hitting 580 satoshis.

Yet another corrective wave down followed, and price once again went back to 480 satoshis support, and again, rejected it. Further, it attempted to break above the downtrend trendline but failed.

While the trend seems to become bullish a break and close 540 satoshis resistance is required in order for Zilliqa to continue producing higher highs. On a downside, break and close below the 480 satoshis support could invalidate bullish outlook and extend the consolidation.

Monaco coin has been range trading for an extended period of time and has established a very strong support at $5 area. Price has bounced off that support for at least three times now, with the most recent bounce occurred on the 6th of February.

After rejecting the support price went up and broke the descending channel as well as the 2/1 Gann FAn trendline. The correction down followed, where the upper trendline of the descending channel was rejected. And today MCO/USD went down again, but this time back to the 2/1 Gann Fan. This could be an interesting entry point for buyers, from the technical perspective, not to mention that on 1h chart price is right at the 200 Moving Average.

While Monaco continues to trade above $5 support, the price should be going upwards towards the resistance at $25, that is over 3 times growth from the current price, that is $7.5.

Lisk reached an all-time high against the Bitcoin on the 10th of February, hitting BTC 0.0034. The strong rise followed by a sharp decline and Lisk already lot over 60% to Bitcoin.

At this point, LSK/BTC is facing 61.8% Fibonacci support at BTC 0.00135, which today has been rejected cleanly. Whether the support will hold or not should shed some light on the further price development.

Break below could send Lisk even lower, towards 88.6% Fibs at BTC 0.00073. But if the support will be respected by the market, range trading could take place, eventually resulting in a continuation of a long-term uptrend.

Quantstamp is a fresh buy a unique project holding strong potential. Since it became publicly trading it rose from $0.045 up to $0.87, resulting in almost 2000% growth.

Nevertheless, a heavy correction down followed and QSP/USD declined by nearly 90%, where it found the support at 88.6% Fibonacci retracement level. Prior to that, it rejected the uptrend trendline and still failing to break below the price where the trendline was rejected.

At this stage, Quantstap is likely to start reversing, or at the very least should produce a corrective wave up. There few minor resistance on the way up and it has to be seen how price will react to them. In any case, considering the total coin supply, the potential, and the current price, Quanstamp has all the chances to grow x10 at the very least.

After an extended correction down, Einsteinium tested the low at $0.18. Suddenly the EMC2/USD had a substantial increase in trading volume resulting in the break above the trendline as well as the 200 Moving Average while reaching $0.4.

The current wave down stopped precisely at the 61.8% and Einsteinium continues to trade near that support. Heavy increase in volume could be the clue that investors are picking up EMC2 and this tendency could continue if either of two Fib supports will hold. If this will be the case, the price is likely to increase towards one of the previous resistance levels, $0.52 or $0.66.

On a downside, break below $0.23 support could extend the consolidation and send price back to $0.18 or perhaps slightly lower.

After the correction from $20k down to $6k, Bitcoin rejected the uptrend trendline as well as 76.4% Fibonacci retracement level. The following wave up was very sharp and strong, resulting in almost 100% growth, where price hit $11775. Price went above the 200 Moving Average suggesting either a continuation of an uptrend or a range trading.

Price went down again and rejected the 8/1 Gann Fan trendline cleanly. This once again indicates that BTC/USD is not ready to go lower and could continue growing towards $17-18k area to complete the Head and Shoulders pattern.

On the other hand, daily break and close below current low, at $7666 could send price back to $6k to form a double bottom or even lower towards $4k support area.

Since reaching an all-time high at 3320 satoshis, Cindicator went down and found the support at 88.6% Fibonacci retracement level. So far it has been rejected along with the 8/1 Gann Fan trendline, where no clean break below was witnessed.

It seems that now CND/BTC is trapped between the support and resistance, which may lead to a consolidation between 830 and 1170 satoshis. Break above the resistance or below the support should help to determine the further direction of Cindicator.

Break below should end price lower towards 500 satoshis, while the break above is likely to result in a wave up, towards 61.8% Fibonacci retracement at 2350 satoshis.

For the short term, Expanse has been trading upwards while moving within the ascending channel. On the 8th of March, the channel was broken and price started to move lower. Fibonacci applied to the corrective wave up after the channel breakout shows that EXP/USD has reached the 227.2% Fibonacci retracement and what more important, rejected it. Simultaneously the lower trendline of the extended ascending channel has also been rejected, followed by the downtrend trendline of the RSI oscillator.

These are just some indications that there is in fact strong support at $1.68 and the fact is, the support was rejected. Therefore unless Expanse will close below the support this could be a reversal point or at the very least a very interesting price to observe from the investment point of view. Obviously, only time will tell whether it will be a potential reversal or just a corrective wave up.

Siacoin is a coin for a decentralized cloud storage and has been around since 2016. It can not be said that it’s a new coin, but one of the veterans in the cryptocurrency market.

At the same time the price of Siacoin remains very cheap and currently, SC/BTC is traded at 130 satoshis! Obviously not many “veterans” cost that cheap and perhaps this could be a very interesting investment opportunity in 2018.

On the Siacoin roadmap for 2018, it states:

“Our goal: Sia becomes production-ready for cold storage, begins to be used by companies, and introduces file sharing.”

If everything goes according to the Siacoin plan, this could trigger a strong rally in price, as not only people but potentially large companies will use Siacoin services for the cloud storage.

Looking at the chart. Siacoin continues to reject the uptrend trendline and currently found the support at 88.6% Fibonacci retracement level. While the support is holding the next wave up could result in a rally towards the 430 satoshis resistance. But/when/if it will be broken, the upside potential could be enormous.

The Nucleus Vision Token has been showing some great performance over the Bitcoin. Price went up from 220 up to 543 satoshis, gaining nearly 150% profit. On a corrective wave down NCASH/BTC went down to 312 satoshis and from today started to gain value once again.

Price broke above the descending channel and now found the support at the previous resistance as well as 50% Fibonacci retracement, that is 381 satoshis. The price does look attractive as the probability of the uptrend continuation remains high.

The nearest resistance is seen at 161.8% Fibonacci retracement that could boost the price up another 75%. Break above the 686 satoshis level might trigger a much stronger move upwards, while rejection should result in a strong correction or consolidation.

About Bitcoin Black Hat Forum

Bitcoin Blackhat is a popular forum for people interested in all aspects of Crypto Currencies. Popular discussions include Bitcoin mining, Initial Coin Offerings, Bitcoin faucets, Bots and Bitcoin Investing.